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Tim Walz doesn't own any stocks: What to know about Kamala Harris' running mate's personal finances
(www.businessinsider.com)
this post was submitted on 07 Aug 2024
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Honestly? That makes me really concerned about his long term wellbeing and raises a few orange flags for how he can be compromised. Owning individual stocks is very questionable. Investing heavily in a mutual fund or some other managed portfolio is common sense for anyone win a position where retirement is an option.
But also? Fuck yeah.
Things like mutual funds, IRAs, etc, are not considered securities and are not disclosed on economic interest disclosure forms. That is true for most government disclosures, including in Minnesota. Minnesota only requires disclosing directly held securities, like stocks, with a certain value. E.g., if you own $10,000 in Apple stock, that needs to be disclosed, but owning $10,000 in mutual funds shares does not.
He has multiple pensions from his different jobs.
Before America made us learn to be our own stock broker, and change jobs every 3 years for a pay raise, there were these retirement vehicles provided by employers that you worked with until you retired that you didn't have to know anything about.
He has pensions.